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Sellers are dominating SHIB market

Shiba Inu (SHIB) Price Analysis: 02 November

If buyers can push the price over the $0.000010 mark, the price might be able to break through the resistance levels of $0.000011 and $0.000012, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.0000098 and try to test the support levels of $0.0000092 and $0.0000083, respectively.

Key Levels:

Resistance Levels: $0.000010, $0.000011, $0.000012

Support Levels: $0.0000098, $0.0000092, $0.0000083

SHIBUSD

Long-term Trend: Bearish

A definite bearish reversal indicator can be seen on the Shiba Inu daily chart. Sellers have controlled the SHIB market since July 21. At $0.000012, the price crossed the threshold. It was common practice to predict market selling power using bearish candlestick patterns. The bears’ fervor caused the price to fall below $0.000011. $0.000010 was one of the tested points. Following evaluation at the proper degree of support, the buyer’s choice was added to the transaction. It is clear that the market is currently trending downward close to the $0.000010 barrier level. Sellers take charge once the price reaches the starting point and push it until it breaks by $0.000010.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000010 mark, the price might be able to break through the resistance levels of $0.000011 and $0.000012, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.0000098 and try to test the support levels of $0.0000092 and $0.0000083, respectively.

SHIBUSD Price Medium-term Trend: Bearish

Shiba Inus’s four-hour price drop is displayed in the pricing chart. Over the past week, the currency has been bought and traded for less than $0.000012. Customers continue to frequent the stores in spite of the price reduction. After rising beyond the $0.000012 barrier, the price falls below it once more. After the 4-hour candle closed below $0.000011, the price tested $0.0000098.

As a result of bears pushing the market lower with a bearish signal on the Hull Suite FX indicator, Shiba Inu prices are currently declining. Additionally, there is an integer less than zero in the QQE MOD.